GT500-07 Posted November 19, 2008 Report Share Posted November 19, 2008 Republican Shelby favors bankruptcy instead of bailout money for troubled automobile industry http://biz.yahoo.com/ap/081119/congress_autos.html Link to comment Share on other sites More sharing options...
Boss Doctor Posted November 19, 2008 Report Share Posted November 19, 2008 Republican Shelby favors bankruptcy instead of bailout money for troubled automobile industry http://biz.yahoo.com/ap/081119/congress_autos.html I think the more telling statement is that Romney favors bankruptcy for the big 3. Link to comment Share on other sites More sharing options...
JeffIsHereToo Posted November 19, 2008 Report Share Posted November 19, 2008 This kind of stuff makes me sooooooooooooooooo angry! http://abcnews.go.com/Blotter/WallStreet/s...5739&page=1 Link to comment Share on other sites More sharing options...
tekheavy Posted November 19, 2008 Report Share Posted November 19, 2008 Wagoner flew in GM's $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone. Link to comment Share on other sites More sharing options...
GT500-07 Posted November 19, 2008 Author Report Share Posted November 19, 2008 No Auto Bailout? Investors May Just Say 'No Problem' If Congress turns its back on the Big Three auto makers-as many expect-investors probably won't drive the stock market off a cliff. Instead, some market experts see at most a brief selloff once news hits that Ford (NYSE:F - News), General Motors (NYSE:GM - News) and Chrysler won't be getting a bailout. http://biz.yahoo.com/cnbc/081119/27803683.html Link to comment Share on other sites More sharing options...
GT500-07 Posted November 19, 2008 Author Report Share Posted November 19, 2008 Auto aid plan heads for defeat as Big Three teeter A Democratic Congress, unwilling or unable to approve a $25 billion bailout for Detroit's Big Three, appears ready to punt the automakers' fate to a lame-duck Republican president. Caught in the middle of a who-blinks-first standoff are countless manufacturing firms and auto dealers — and millions of Americans' jobs. For now, with the plan headed for a roadblock in the Senate, lawmakers in both parties are engaged in a high-stakes game of chicken, positioning to blame each other for the failure. http://news.yahoo.com/s/ap/20081119/ap_on_...out_what_s_next Link to comment Share on other sites More sharing options...
mywickedshelby Posted November 19, 2008 Report Share Posted November 19, 2008 Wagoner flew in GM's $36 million luxury aircraft to tell members of Congress that the company is burning through cash, asking for $10-12 billion for GM alone. classic corp waste. I say bail them out....on one condition......the CEO's go to jail in exchange. no, ok....then bye bye! Link to comment Share on other sites More sharing options...
Boss Doctor Posted November 19, 2008 Report Share Posted November 19, 2008 You guys REALLY didn't expect the CEOs would fly coach in a commercial airline, did you? Link to comment Share on other sites More sharing options...
SpeedRacer Posted November 19, 2008 Report Share Posted November 19, 2008 Republican Shelby favors bankruptcy instead of bailout money for troubled automobile industry http://biz.yahoo.com/ap/081119/congress_autos.html I agree. Let them go Bankrupt. Renegotiate Executive salaries/bonuses and Union Contract. Then give them bridge loans so that they can pay their suppliers. Link to comment Share on other sites More sharing options...
RUFDRAFT Posted November 20, 2008 Report Share Posted November 20, 2008 Link to comment Share on other sites More sharing options...
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